Use this page as a one-stop reference for everything related to Punjab and Sind Bank's CHANDRAPUR branch in CHANDRAPUR, MAHARASHTRA. The branch's IFSC code PSIB0021660 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.
An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.
For Punjab and Sind Bank's CHANDRAPUR branch, the IFSC PSIB0021660 breaks down as follows: PSIB identifies the bank, 0 is the reserved character, and 021660 identifies this particular branch.
Bank profile
Punjab and Sind Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Chandrapur branch — IFSC PSIB0021660 — extends the bank's services to customers in and around Chandrapur, Maharashtra.
Branch details at a glance
| Bank Name | Punjab and Sind Bank |
|---|---|
| Branch | Chandrapur |
| IFSC Code | PSIB0021660 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GROUND FLOOR, NAND NIWAS POPAT BUILDING , JATPURA GATE CHANDRAPUR 442402 MAHARASHTRA |
| City | Chandrapur |
| District | Chandrapur |
| State | Maharashtra |
| STD Code | 7172 |
| Phone | 9898642685 |
About this branch
The branch is located at GROUND FLOOR, NAND NIWAS POPAT BUILDING , JATPURA GATE CHANDRAPUR 442402 MAHARASHTRA. It serves the Chandrapur region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Punjab and Sind Bank. The IFSC PSIB0021660 is used to identify this branch on the RBI payments network.
The role of IFSC in India's payments network
India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Punjab and Sind Bank's CHANDRAPUR branch came to be assigned the code PSIB0021660.
Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC PSIB0021660, money simply cannot be routed to the CHANDRAPUR branch electronically.
Account types you can open at the Chandrapur branch
Once you have an account at Punjab and Sind Bank – CHANDRAPUR, the IFSC PSIB0021660 stays the same regardless of the type of account you hold. The branch typically supports the following options:
- Savings account — for individuals, with chequebook, ATM card and net-banking access.
- Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
- Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
- NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
- Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
- Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
- Minor and student accounts — operated jointly with a guardian until the customer turns 18.
Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.
Banking services available
The Chandrapur branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 7172-9898642685.
- Savings, current and salary accounts
- Fixed deposits and recurring deposits
- Personal, vehicle and home loans
- Demat and investment products (where supported)
- Internet banking and mobile banking enrolment
- Debit and credit card issuance
- Locker facilities (subject to availability)
- Foreign exchange services (at authorised branches)
- Bill payments, demand drafts and pay orders
- NEFT / RTGS / IMPS / UPI fund transfers using IFSC PSIB0021660
How to transfer money using IFSC PSIB0021660
Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC PSIB0021660 across all three.
NEFT to Punjab and Sind Bank, CHANDRAPUR using IFSC PSIB0021660
National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.
To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC PSIB0021660, and confirm that the system picks up Punjab and Sind Bank – CHANDRAPUR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC PSIB0021660
RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Punjab and Sind Bank – CHANDRAPUR, ensure your bank's portal accepts IFSC PSIB0021660 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Punjab and Sind Bank CHANDRAPUR (IFSC PSIB0021660)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PSIB0021660 in your mobile or internet banking app, and the money is credited to the CHANDRAPUR branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC PSIB0021660 for Punjab and Sind Bank – CHANDRAPUR, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – PSIB0021660 | Yes – PSIB0021660 | Yes – PSIB0021660 |
For most retail customers crediting the Chandrapur branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.
How UPI relates to the IFSC code
UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Punjab and Sind Bank's CHANDRAPUR branch, the IFSC PSIB0021660 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.
That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.
Digital banking channels
Most day-to-day work that customers used to do at the Chandrapur branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC PSIB0021660 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by Punjab and Sind Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC PSIB0021660 and the account number together uniquely identify the Chandrapur branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Things to verify before sending money
Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Punjab and Sind Bank – CHANDRAPUR:
- The IFSC is exactly PSIB0021660 with no extra spaces.
- The beneficiary's account number matches what they shared, digit for digit.
- The portal auto-fills Punjab and Sind Bank as the bank name and CHANDRAPUR as the branch.
- The amount and the purpose of payment are correct.
- You have a valid OTP-verifying mobile number on hand.
A 30-second review here saves hours of reconciliation later.
How to reach the Chandrapur branch
The branch is located at GROUND FLOOR, NAND NIWAS POPAT BUILDING , JATPURA GATE CHANDRAPUR 442402 MAHARASHTRA, which puts it inside Chandrapur, the broader Chandrapur district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “Punjab and Sind Bank Chandrapur branch” — the verified location pin for IFSC PSIB0021660 should appear at the top of the results.
- Confirm the branch is open by calling 7172-9898642685 before stepping out, especially around public holidays.
- Carry photo ID and any account-related documents you may need for the transaction you plan to do.
Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC PSIB0021660 and your account number.
Verifying IFSC PSIB0021660 from official sources
The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm PSIB0021660 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 7172-9898642685.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Chandrapur are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to PSIB0021660 continue to work without interruption.
Branch address & contact
Punjab and Sind BankChandrapur Branch
GROUND FLOOR, NAND NIWAS POPAT BUILDING , JATPURA GATE CHANDRAPUR 442402 MAHARASHTRA
Chandrapur, Maharashtra
Phone: 7172-9898642685
IFSC: PSIB0021660
Frequently asked questions
How quickly will an NEFT transfer using PSIB0021660 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Punjab and Sind Bank – Chandrapur reflect within 30 minutes.
How do I add Punjab and Sind Bank Chandrapur as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC PSIB0021660, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the IFSC code of Punjab and Sind Bank Chandrapur branch?
The IFSC code of Punjab and Sind Bank, Chandrapur branch is PSIB0021660. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Where is Punjab and Sind Bank Chandrapur branch located?
Punjab and Sind Bank's Chandrapur branch is located at GROUND FLOOR, NAND NIWAS POPAT BUILDING , JATPURA GATE CHANDRAPUR 442402 MAHARASHTRA, Chandrapur, Maharashtra.
Is IFSC PSIB0021660 the same for all accounts at Chandrapur branch?
Yes. The IFSC PSIB0021660 is shared by every account held at Punjab and Sind Bank's Chandrapur branch. Only the account number changes from customer to customer.
Can I use IFSC PSIB0021660 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC PSIB0021660 to send funds instantly.
Is IFSC PSIB0021660 valid for NEFT and RTGS?
Yes. IFSC PSIB0021660 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Chandrapur branch but serve different purposes.
Final notes
To recap: PSIB0021660 is the IFSC code of Punjab and Sind Bank, CHANDRAPUR branch, in CHANDRAPUR, MAHARASHTRA. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.
